| US-based New Enterprise Associates (NEA) and Middle East sovereign wealth fund, Qatar Investment Authority, participated in online cab booking company Uber’s $1.2 billion investment round announced early this month, says a The Wall Street Journal report, quoting unnamed sources.
The round also saw participations from US-based Valiant Capital Partners and Lone Pine Capital. Earlier, Uber announced in an official blog post that it had secured $1.2 billion in fresh funding from a group of unnamed investors. Separate media reports said the company has been valued at $40 billion with the fresh funding round. Uber plans to use the fresh capital for growth, especially in the Asia-Pacific region...............................................Full Article: Source
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